Dollar Wise Podcast

Welcome back to the Dollar Wise Podcast. In this episode, Jason Gabrieli, CFP, is joined by Andrew Barhardt, CFP, to explore how charitable contributions can be optimized for tax efficiency. They discuss practical strategies such as donor-advised funds, gifting appreciated stock, and estate planning techniques to ensure your generosity also leads to tax benefits. Whether you're navigating a high-income year or planning your legacy, this episode offers valuable insights to help you give wisely. Tune into this episode to also learn: ● How donor-advised funds can provide flexibility and immediate tax deductions. ● The benefits of gifting appreciated stock to eliminate capital gains taxes. ● When charitable remainder trusts (CRTs) are appropriate for advanced planning. ● Why designating charities as IRA beneficiaries can be a smart estate strategy. What we discussed ● [00:00:06] Why many charitable contributions don't provide tax benefits under current standard deduction rules. ● [00:02:45] Introduction to donor-advised funds and how they work. ● [00:05:29] When donor-advised funds are most advantageous, especially in high-income years. ● [00:07:12] How deduction bunching can help maximize tax deductions. ● [00:11:37] Gifting appreciated stock to avoid capital gains taxes. ● [00:14:00] Overview of advanced charitable trusts like CRATs and CRUTs. ● [00:17:03] The best assets to leave to charity versus heirs in estate planning. ● [00:18:26] The importance of tax-efficient charitable giving both during life and after death. 3 Things To Remember 1. Donor-advised funds offer a flexible way to manage charitable giving while optimizing tax deductions. 2. Gifting appreciated assets can eliminate capital gains taxes and enhance the impact of your donations. 3. Strategic estate planning ensures that both your heirs and charities benefit in the most tax-efficient manner. Useful Links Connect with Jason Gabrieli: https://www.linkedin.com/in/jasongabrieli Like what you’ve heard… Learn more about HFM HERE [https://hfmadvisors.com/working-with-hfm] Schedule time to speak with us HERE [https://calendly.com/hfminquirycall/360]

Welcome back to the Dollar Wise Podcast. In this episode, Catherine Allen-Carlozo and Tyler Reedman dive into an unconventional yet valuable topic: what happens to your travel rewards—points, miles, and loyalty perks—when you pass away? Prompted by a real client experience, the discussion unpacks how various credit card, airline, and hotel programs treat reward balances after death and what estate planning strategies can help preserve them for loved ones. Tune in for an eye-opening conversation that blends financial planning with travel hacking insights.lth without fear. Tune into this episode to also learn: ● Why you don’t technically own your points or miles. ● How to plan ahead to preserve rewards for your loved ones. ● The importance of sharing logins and digital access with trusted individuals. ● Which travel rewards programs allow for point transfers—and which don’t. What we discussed ● [00:01:14] How a client’s passing revealed the complexities of transferring travel points after death. ● [00:02:27] Travel hacking 101: how to use credit card points and loyalty programs for nearly free trips. ● [00:04:50] Why points aren’t considered your property and how that affects estate planning. ● [00:05:45] The critical importance of having logins and account access in estate prep. ● [00:07:19] Common pitfalls with two-factor authentication and password managers. ● [00:09:06] Best practices for storing login info and digital credentials securely. ● [00:10:18] Including travel rewards in your estate plan: who inherits and how to designate. ● [00:12:19] Each airline and hotel chain has its own rules—know them in advance. ● [00:13:22] Credit card churning, signup bonuses, and the art of responsible travel hacking. 3 Things To Remember 1. Your travel points and miles aren’t considered your property—so don’t assume they’ll automatically transfer. 2. Document login credentials, security questions, and instructions for accessing key accounts. 3. If travel rewards matter to you, consider including them specifically in your estate plan or will. Useful Links Connect with Catherine Allen-Carlozo: https://www.linkedin.com/in/catherineballen [https://www.linkedin.com/in/catherineballen] Connect with Tyler Reedman: https://www.linkedin.com/in/tyler-reedman-cfp%C2%AE-8b29a6101/ [https://www.linkedin.com/in/tyler-reedman-cfp%C2%AE-8b29a6101/] Like what you’ve heard… Learn more about HFM HERE [https://hfmadvisors.com/working-with-hfm] Schedule time to speak with us HERE [https://calendly.com/hfminquirycall/360]

Welcome back to the Dollar Wise Podcast! In this episode, Catherine Allen-Carlozo, a Certified Financial Planner at HFM Investment Advisors, explores the transition from being a saver to a spender in retirement. Many retirees struggle with the fear of spending their savings, worrying about outliving their money, market crashes, or unexpected medical expenses. Catherine shares practical strategies to build confidence in spending, create a structured withdrawal plan, and align financial decisions with personal values and goals. If you’ve worked hard to save for retirement, this episode will help you shift your mindset and enjoy your wealth without fear. Tune into this episode to also learn: * How to create a steady and predictable income in retirement. * The 4% withdrawal rule—what it is and how to apply it. * The importance of having a “fun fund” to enjoy your wealth. * How working with a financial advisor can provide clarity and peace of mind. What we discussed * [00:00:50] The challenge of transitioning from saving to spending in retirement. * [00:01:36] Why many retirees feel fearful or restricted about using their savings. * [00:02:10] The importance of shifting from a scarcity mindset to an abundance mindset. * [00:03:01] Creating a structured withdrawal strategy to mimic a paycheck. * [00:03:49] Understanding the 4% withdrawal rule and how it works as a guide. * [00:04:46] How setting up a "fun fund" can help retirees enjoy their money guilt-free. * [00:05:37] The role of a financial advisor in building a plan and running “what if” scenarios. * [00:06:21] Recognizing that you saved for this moment—now it’s time to enjoy it! * [00:06:45] Why couples need to discuss their money personalities and financial goals. * [00:07:26] How retirees can use their wealth to create meaningful experiences. * [00:07:55] Why single retirees should have a financial advocate or “financial friend.” 3 Things To Remember 1. Retirement savings exist to support a purpose-driven life—define what that purpose is. 2. 3. Having a structured withdrawal plan provides confidence and financial security. 4. 5. You worked hard to save for retirement—now give yourself permission to enjoy it! Useful Links Connect with Catherine Allen-Carlozo: https://www.linkedin.com/in/catherineballen Like what you’ve heard… Learn more about HFM HERE [https://hfmadvisors.com/working-with-hfm] Schedule time to speak with us HERE [https://calendly.com/hfminquirycall/360]

Welcome back to the Dollar Wise Podcast! In this episode, Jason takes a deep dive into the key financial events of 2024. From understanding the S&P 500's stellar 25% performance to exploring the nuances of inflation, unemployment, and GDP growth, Jason provides a comprehensive reflection on a remarkable year for both the stock market and the economy. He also tackles pressing questions about investment strategies, including the role of diversification, the pitfalls of over-relying on dividends, and how to align your portfolio with your long-term goals. If you're wondering how to stay grounded in the face of market unpredictability, this episode is for you. Tune into this episode to also learn: * Why 2024 was a standout year for the S&P 500 and what contributed to its success. * How inflation and unemployment trends impacted the broader economy. * The ongoing challenges in the bond market and what it means for diversified portfolios. * The historical performance of dividend-paying stocks versus a total return approach. What we discussed * [00:00:00] An overview of 2024's financial landscape, including S&P 500 growth and economic indicators. * [00:01:45] Key factors behind inflation stabilization and its effect on the market. * [00:04:57] Challenges in the bond market since 2022 and its interplay with rising interest rates. * [00:07:45] The appeal and misconceptions of dividend-focused investment strategies. * [00:11:23] Historical data on dividend stock performance versus total return strategies. 3 Things To Remember 1. The S&P 500's 25% growth in 2024 highlights the importance of long-term investment strategies over short-term predictions. 2. Diversification remains a cornerstone of resilient portfolios, even when certain asset classes, like bonds, underperform. 3. Overweighting dividend-paying stocks may seem appealing, but historical data suggests that a total return approach often yields better results. Useful Links Connect with Jason Gabrieli: LinkedIn [https://www.linkedin.com/in/jasongabrieli/]  Like what you’ve heard… Learn more about HFM HERE [https://hfmadvisors.com/working-with-hfm] Schedule time to speak with us HERE [https://calendly.com/hfminquirycall/360]

Welcome back to the Dollar Wise Podcast. In this episode, Jason Gabrieli, a certified financial planner at HFM Investment Advisors, discusses the increasing interest in multi-year guaranteed annuities as interest rates rise. With more clients and insurance agents inquiring about these products, Jason dives into the pros and cons, potential pitfalls, and considerations to make before adding them to your financial plan. If you're curious about annuities or have received pitches recently, this episode will provide you with essential information to help you make informed decisions. Tune into this episode to also learn: * How higher interest rates impact financial products like annuities. * * The differences between various types of annuities and their specific uses. * * Key considerations for incorporating multi-year guaranteed annuities into your financial plan. * * Potential disadvantages of annuities, including tax implications and reinvestment rate risks.  What we discussed * [00:00:30] Introduction to the episode and topic of multi-year guaranteed annuities. * [00:01:32] Overview of how rising interest rates impact savings and investment products. * [00:02:37] Explanation of multi-year guaranteed annuities and their function compared to CDs. * [00:05:32] Pros and cons of multi-year guaranteed annuities, including principal protection and fixed rate benefits. * [00:08:30] Tax implications of annuities and how they differ from other investment vehicles. * [00:09:32] Inflexibility and surrender charges associated with early withdrawals from annuities. * [00:10:35] Reinvestment rate risk and considerations for long-term financial planning. * [00:11:40] Determining if an annuity fits into your financial plan based on the purpose of the money. * [00:13:30] Final thoughts on choosing financial products that align with your financial goals. 3 Things To Remember 1. Annuities can provide principal protection and fixed returns but are not always the best fit for long-term investments. 2. Understand the tax implications of annuities, especially when withdrawing growth before principal. 3. Evaluate your financial plan carefully to ensure the products you choose align with your short-term and long-term goals. Useful Links Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com [jgabrieli@HFMadvisors.com] | LinkedIn [https://www.linkedin.com/in/jasongabrieli/]  Like what you’ve heard… Learn more about HFM HERE [https://hfmadvisors.com/working-with-hfm] Schedule time to speak with us HERE [https://calendly.com/hfminquirycall/360] Check out our Financial Wellness Program – HFM Ignite [http://www.hfmignite.com/]